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Retirement plans at different employment establishments

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What is the retirement plan in your place of employment?

Do you think this is an advantageous and beneficial plan to the employees?

How about to the company itself? Explain.

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Solution Summary

Retirement plans at different employment establishments are discussed. The advantages for the employees are analyzed.

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What is the retirement plan in your place of employment?

Do you think this is an advantageous and beneficial plan to the employees?

How about to the company itself? Explain.

Solution:

What is the retirement plan in your place of employment?

I work for a medium-sized public accounting and investment firm. The retirement plan for my place of employment includes a 401K savings plan that allows the employees to choose from various investment options, with matching contributions. All employees eligible to participate are also immediately 100% vested. Our firm also offers a defined benefit retirement plan, based on each employee's total years of service and their salary.

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